Pound to Euro Hits 19-Month High on Spain Doubts

Pound to Euro Hits 19-Month High on Spain Doubts

The pound has hit its highest point against the euro since August 2010 this week, as markets react to Spain’s deficit cutting measures with incredulity. Welcome to my account of changes in the foreign exchange rate in the past week, covering the 3rd to 10th April 2012. Is the dragon (that is, the European debt crisis) set to re-awaken? Judging [...]

Euro Sinks as Spain Begins Its Budget Cuts

Euro Sinks as Spain Begins Its Budget Cuts

Welcome to my weekly account of changes in the pound-to-euro exchange rate, covering 27th March – 03rd April. This is intended as a guide to what’s been affecting the exchange rate this past week, whether you’re relocating to Spain or sending funds back to the UK! The euro has lost a lot of ground this past week, bringing the pound-to-euro rate [...]

UK Pound to Euro Strong on Osborne Budget Bounce

UK Pound to Euro Strong on Osborne Budget Bounce

It has been another helter-skelter week for the foreign exchange rates, as the UK pound remains at an impressive 1.20 against the euro. Welcome to my weekly account of changes in the UK pound-to-euro exchange rate! This updates covers 14th-21st March 2012. The UK pound has stuck fast to 1.20 against the euro this week, at the ceiling of the 1.1750-1.20 range [...]

UK Pound Pulls Ahead as Madrid Squares Off Against Brussels

UK Pound Pulls Ahead as Madrid Squares Off Against Brussels

Here is my latest update regarding changes in the pound to euro exchange rate this past week. The pound has gained 2.65% against the euro this past week, as the Eurozone debt crisis takes another turn for the worse. For one, Spanish Prime Minister Mariano Rajoy is defying Brussels concerning agreed spending cuts, just weeks after signing over economic sovereignty [...]

Euro gains as ECB initiates second loan scheme

Euro gains as ECB initiates second loan scheme

Here is my latest update regarding the pound to euro exchange rate as of the 29th February 2012. The pound has lost two cents against the euro this past week, putting it in the 1.1850 area. This might sound like a significant decline, but in fact the pound has been moving against the euro inside a two cent range (coming as high as 1.2030 [...]

Is the Euro Set to Slide as Europe Faces Recession?

Is the Euro Set to Slide as Europe Faces Recession?

Europe contracted –0.3% in the last three months of 2011, bringing it close to technical recession. Is this going to be reflected in euro weakness?   Is the euro about to slide? It looks increasingly possible at the moment, as economic data shows Europe is drawing closer to recession. The continent as a whole declined –0.3% in the last three months of 2011, as [...]

Euro Rising But Greece Pays The Price

Euro Rising But Greece Pays The Price

The euro has gained this week, suggesting the markets are feeling increasingly calm regarding Europe. Greece though has been getting it in the neck. “Oh – to be anything but a Greek politician!” This is the thing Greek prime minister Lucas Papademos must be telling himself this week, as EU officials continue to pile on the spending cuts Greece must [...]

The Euro, stable Currency or Hot Potato?

The Euro, stable Currency or Hot Potato?

It’s been a week of ups and downs for GBP/EUR exchange rate! Each day has bought news that has set the rate diving and climbing, swinging between 1.19 and 1.20. Of course, if you’re someone that doesn’t pay much attention to currency exchange rates, it might look like not much has happened! But in fact, these wild swings reflect market nervousness at events in Europe that [...]

Euro exchange rate and money transfer to Spain

Euro exchange rate and money transfer to Spain

Is the euro bouncing back – or set to meltdown? In the past fortnight the pound and US dollar hit 12 month highs against the euro, reaching 1.21 and 0.79 respectively. Since then the euro has clawed back ground. But is this the start of euro resurgence, or a last gasp – preceding terminal decline? Watching the crisis in Europe play [...]

Euro dips following Spanish credit rating downgrade

Euro dips following Spanish credit rating downgrade

Following a week in which confidence in the Euro re-bounded, the Euro has come under pressure this morning – as credit rating agent Standard & Poor’s downgrades its Spanish credit rating. There has been good news for people planning to send money to Spain this morning! Following a week in which the euro gained against currencies including sterling it has [...]